The Series A crunch is hitting now. Have we even noticed?
Dave Gullo stashed this in Startups
❝ We know this: As many as a thousand companies who’ve received seed rounds won’t be around in a year — maybe six months. There simply won’t be soft-landings and acqui-hires for all of them.
Essentially, we got here by entrepreneurs having too much of a good thing. The number of seed and angel investors has exploded in recent years, buoyed up by a number of factors. ❞
Post Facebook IPO has been absolute torture for startup fundraising. Worst environment I've seen since the financial crisis of 2008.